+ VAT

From January 13, 2014 the VAT rate in Cyprus is 19%. However, buyers can purchase a new property with a reduced VAT rate of 5% under the following conditions:

  • The purchase is made by an individual, not a legal entity.
  • The buyer is not going to rent out the acquired property.
  • This will be a primary residence in Cyprus for the buyer, and they do not have any other property in Cyprus acquired with the reduced VAT rate within the last 10 years.
A reduced VAT rate of only 5% is applied to the first 200 m². The remaining area over 200 m² is subject to a 19% tax. These rules only apply to buyers of new developments, while for secondary real estate, VAT is 0%

2 bedrooms Apartment in Larnaca, Larnaka, Cyprus No. 49757

2

Bedrooms

85 sq.m.

Square

Parameters

Property Description

This residential project is located in the vibrant Mackenzie neighborhood of Larnaca, just a short walk from the beach. The three modern eight-story buildings are designed to offer residents the perfect combination of comfort, style, and breathtaking views. Set against a stunning seascape and tranquil salt lake. From the comfort of your own home, you can admire the azure waters of the Mediterranean.

The main features of the project and the apartments:

• Sound and thermal insulation
• Double-glazed glass
• Air-conditioning system
• Fast quiet elevators
• LED Lights
• Technogranite kitchen counters
• High-quality flooring
• Security camera at the building’s entrance
• Controlled access
• Landscaping in public used areas with plants
• Security door at each apartment
• Photovoltaic panels for common areas
• Spacious reception area with a lounge and concierge desk
• Recreational area for the exclusive use of residents

The Project has EPC certificate with "A" Energy Efficiency Rating.

Features

Common area with pool

Common area with pool

Statistics

€ 3 329

Price per sq.m.

166

Quality of Life Index

53

Cost of Living Index

Choose a city for comparison

Parameters

Larnaca

Rent Per Month

Apartment (1 bedroom) in City Centre

€ 796

Apartment (1 bedroom) Outside of Centre

€ 599

Apartment (3 bedrooms) in City Centre

€ 1 475

Apartment (3 bedrooms) Outside of Centre

€ 1 094

Buy Apartment Price

Price per square metre in the city centre

€ 3 329

Price per square metre outside the city centre

€ 1 780

Similar Property

541 000

2 Bedrooms

85 sq.m.

+ VAT

550 000

2 Bedrooms

85 sq.m.

+ VAT

550 000

2 Bedrooms

85 sq.m.

+ VAT

551 000

2 Bedrooms

85 sq.m.

+ VAT

Features

Outdoor features

Common area with pool

Common area with pool

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